PURCHASE AGREEMENT
Exhibit (l)(5)
BlackRock Allocation Target Shares (the “Registrant”), a Delaware statutory trust, on behalf of its series BATS: Series I Portfolio (the “Fund”) and BlackRock Financial Management, Inc. (the “Purchaser”), a Delaware corporation, hereby agree as follows:
1. The Registrant hereby offers the Purchaser and the Purchaser hereby purchases one Share of the Fund (the “Shares”) for $10 per Share. The Registrant hereby acknowledges receipt from the Purchaser of funds in full payment for the foregoing Shares.
2. The Purchaser represents and warrants to the Registrant that the foregoing Shares are being acquired for investment purposes and not with a view to the distribution thereof.
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IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Purchase Agreement as of the 28th day of February, 2024.
| BLACKROCK ALLOCATION TARGET SHARES, on behalf of |
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| BATS: SERIES I PORTFOLIO | ||||
| By: | /s/ Xxxx Xxxxxxxxx |
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| Name: Xxxx Xxxxxxxxx | ||||
| Title: President and Chief Executive Officer | ||||
| BLACKROCK FINANCIAL MANAGEMENT, INC. |
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| By: | /s/ Xxxxx Xxxxxx |
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| Name: Xxxxx Xxxxxx | ||||
| Title: Managing Director | ||||
[Signature Page to Purchase Agreement of
BATS: Series I Portfolio]
